The highest encryption organizer, Adrian Harris, removed from the Ministry of Financial Services in New York

On Monday, New York Governor Cathy Hochol announced the departure of Harris, which is in effect in October, where he ended a four -year period for the former Obama administration official. In a press release, Hochol described Harris’s role in “rebuilding the department into a suitable financial capital organizer.”

The American financial scene has changed dramatically since Hochul Harris was nominated to lead DFS in August 2021. After its appointment, a series of bankruptcy in the Blockchain industry led to billions of dollars in losses for investors, Bank failure Silvergate threatened and signed the wider US financial system.

Although Harris will join Biden management agencies, including Securities and Exchange Committee Gary GinserlerWhen delivering procedures for enforcement against leading companies such as Coinbase and GenesisThe organization also advanced on technology like Stablecoin version On Blockchains like ethereum and Solana– A blatant difference from its federal counterparts who have become notorious in the world of encryption in order to “organize enforcement”. Harris also expanded the release of its section for the Bitlicense program, while it was the only regulatory system for encryption in the country.

Harris’s readiness to roam in the thorny sector when many other financial supervisors relied on lawsuits only Full respect Among the many Blockchain entrepreneurs, although they are still complaining about the arduous process of applying for the vitilins, as well as arduous requirements. When Congress discussed legislation to create handrails for Stablecoins, ultimate Hold As a model that must be followed. It also prompted the debate on how to maintain autonomy under the Federal Supervision System, with Harris itself Testimony Before Congress.

But after Donald Trump embraced Chefir in the campaign’s path, he underestimated his return to his post in January of the national file of Harris, especially as he raised the federal government’s approach to Blockchain organization. DFS continued to issue new guidelines about Blockchain, as well as other border technologies including artificial intelligence, although its gradual approach may fade compared to the Trump administration initiatives for new initiatives.

in interview With Politico on Monday, Harris said she plans to spend time before finding her next annoyance. “My account will tell me the time I get,” she said jokingly.

Hochol announced that Kaitlin ASROW, who has spent the past four years as an executive deputy for the DFS Research and Innovation Department, will be the temporary supervisor after leaving Harris. In its role, ASROW supervised the management of the management of Blockchain companies, whose employees have grown over 60 over the past four years. In a statement, ASROW said it would give consumer protection priority while ensuring that New York will remain a center for “responsible financial innovation”.